Oracle 2011 Annual Report Download - page 90
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CONSOLIDATED STATEMENTS OF OPERATIONS
For the Years Ended May 31, 2011, 2010 and 2009
Year Ended May 31,
(in millions, except per share data) 2011 2010 2009
Revenues:
New software licenses .................................. $ 9,235 $ 7,533 $ 7,123
Software license updates and product support ............... 14,796 13,092 11,754
Software revenues ................................. 24,031 20,625 18,877
Hardware systems products .............................. 4,382 1,506 —
Hardware systems support ............................... 2,562 784 —
Hardware systems revenues .......................... 6,944 2,290 —
Services ............................................. 4,647 3,905 4,375
Total revenues ................................ 35,622 26,820 23,252
Operating expenses:
Sales and marketing(1) .................................. 6,579 5,080 4,638
Software license updates and product support(1) .............. 1,264 1,063 1,088
Hardware systems products(1) ............................ 2,057 880 —
Hardware systems support(1) ............................. 1,259 423 —
Services(1) ............................................ 3,818 3,398 3,706
Research and development .............................. 4,519 3,254 2,767
General and administrative .............................. 970 911 785
Amortization of intangible assets ......................... 2,428 1,973 1,713
Acquisition related and other ............................. 208 154 117
Restructuring ......................................... 487 622 117
Total operating expenses ........................ 23,589 17,758 14,931
Operating income ......................................... 12,033 9,062 8,321
Interest expense ........................................... (808) (754) (630)
Non-operating income (expense), net .......................... 186 (65) 143
Income before provision for income taxes ...................... 11,411 8,243 7,834
Provision for income taxes .................................. 2,864 2,108 2,241
Net income ............................................... $ 8,547 $ 6,135 $ 5,593
Earnings per share:
Basic ............................................... $ 1.69 $ 1.22 $ 1.10
Diluted .............................................. $ 1.67 $ 1.21 $ 1.09
Weighted average common shares outstanding:
Basic ............................................... 5,048 5,014 5,070
Diluted .............................................. 5,128 5,073 5,130
Dividends declared per common share ......................... $ 0.21 $ 0.20 $ 0.05
(1) Exclusive of amortization of intangible assets, which is shown separately below
See notes to consolidated financial statements.
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